Supreme Court Of India

Section 80-IB

S.C : Even though eligible business is given benefit of deduction under section 80-IB on account of assessee satisfying conditions mentioned in sub-section (2) of section 80-IB, yet benefit of said deduction can be denied subsequently having regard to fact that assessee ceased to be a small scale industry during ten consecutive years

Supreme Court Of India DCIT, Circle 11(1), Bangalore vs. ACE Multi Axes Systems Ltd. Section 80-IB Ranjan Gogoi, Adarsh Kumar

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